OREANDA-NEWS. The Bank of Russia has approved amendments to the Plan for Participation of the State Corporation Deposit Insurance Agency (hereinafter, the Agency) in Bankruptcy Prevention of Joint-stock Company Bank Sovetsky (hereinafter, JSC Bank Sovetsky, the Bank).

As a result of the bankruptcy prevention tender held by the Agency PJSC Tatfondbank with the most favourable bankruptcy prevention offering for the Bank has been selected as an investor.

The bankruptcy prevention measures for JSC Bank Sovetsky are aimed at reaching its compliance with the Bank of Russia requirements for financial stability of credit institutions.